Seeing a break in trend with Analysis shown. Recommended to wait for price to close convincingly below the Moving Average before trading. Once I see signal I will decide on best SL and PL's.
Trade active
Strong entry signal received, going for PL1: 1.52101 & PL2: 1.50952. Base your SL on that Resistance zone (highest high before reversal),entry position & Risk management strategy.Trade closed manually
Price seems to be meeting some resistance on structure level, Waiting for a re-entry opportunity if price closes below structure (1.53104)Note
Side note: Waiting for price to close below structure in the initial entry would have been safer. Still believe that it is on the way down however it's best to be careful and get the additional confluence.Trade active
Reentered as price closed below structure giving extra confluence. SL: 1.53595, TP1: 1.51988, TP2: 1.50970
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.